DGAP-News

Business Trend and Situation of the SINGULUS TECHNOLOGIES Group for the 1st Half 2014

DGAP-News: SINGULUS TECHNOLOGIES AG / Key word(s): Half Year Results
Business Trend and Situation of the SINGULUS TECHNOLOGIES Group for
the 1st Half 2014

14.08.2014 / 08:00

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Press release

Business Trend and Situation of the SINGULUS TECHNOLOGIES Group for the 1st
Half 2014

- Delays in the Optical Disc segment

- Half-year results impacted

- First projects in the Solar division successfully realized, additional
projects pending

- Achievement of full-year forecast very challenging

Kahl am Main, August 14, 2014 - The key financial results for the 1st half
2014 of the SINGULUS TECHNOLOGIES AG (SINGULUS TECHNOLOGIES) were weaker
than in the previous year due to up to date restrained order activities for
Blu-ray Disc production machines. Sales in the 1st half of 2014 amounted to
EUR 30.1 million (previous year: EUR 49.2 million). In the 2nd quarter
sales in the amount of EUR 13.4 million (previous year: EUR 26.4 million)
were realized. The order intake in the 1st half of the business year 2014
stood at EUR 25.2 million (previous year: EUR 48.8 million). The order
intake in the 2nd quarter amounted to EUR 11.1 million (previous year: EUR
33.2 million).

Due to still low order intake for Blu-ray equipment and the continuing
delays in order intake in the Solar division the order backlog stood at EUR
15.4 million as of June 30, 2014 compared with EUR 39.7 million in the
prior-year period. In the 1st half of 2014 earnings before interest and
taxes (EBIT) came to EUR -12.5 million (previous year: EUR -6.5 million).
The EBIT in the quarter under review was also negative at EUR 7.4 million
(previous year: EUR -1.6 million). The headcount within the SINGULUS
TECHNOLOGIES Group of 361 permanent employees remained at the level of the
end of the business year 2013 (December 31, 2013: 362).

In its forecast for the business year 2014 SINGULUS TECHNOLOGIES assumed a
slight increase in sales as well as in operating earnings (EBIT). A
negative result was projected pursuant to IFRS.

The respective development in the three segments formed the foundation for
this forecast. For the Optical Disc segment the Executive Board had already
cautiously budgeted in fall 2013 and expected lower sales and earnings
(EBIT). This expectation was also published in the Annual Report 2013.
Currently, the delays in the Optical Disc division with respect to orders
and call-offs by our customers for Blu-ray machines are more substantial
than anticipated.

The worldwide penetration of Blu-ray Discs continues to grow. Market
research institutes project a nearly 10 % growth for the Blu-ray Disc